Post #16: Portfolio update

As of last update, I still have positions in the ff. stocks:


1. $MCP

Average: P5.55
Current price: P6.44
Initial stop: P6.00

charts by www.bigcharts.com 

2. $BEL

Average: P3.67
Current price: P3.80
Initial stop: P3.75

charts by www.bigcharts.com

3. $IMI

Average: 6.93
Current price: P7.41
Initial stop: P7.00

charts by www.bigcharts.com

As long as these three won't break my initial stops, I will still stay long in my positions. Nothing to do now but to just watch my stops and look for opportunity (if there is) to add more positions.

Please take note that my stops are only soft stops. Unlike hard stops, that if broken, I immediately exit a position without any second thoughts; initial stops somehow only triggers my warning signal to watch my stops more carefully.

Post #15: IMI Integrated Micro-electronics

Bought some $IMI today at average price of 6.93/share, initial stop at 6.75/share.

I like the way its price is moving, let's see if i'm right.

Current port positions:

$MCP ave. 5.55
$BELave. 3.67
$IMI ave. 6.93

Post #14: Bought some Melco Crown (late update)

Last March 9, 2017, I bought some shares of Melco Crown ($MCP) at P5.54/share.

Please take note that I sold $MCP last December and kept it in my watchlist.

Belle Corp. ($BEL) hit my stop ay P3.65 few times but I am still keeping it because of the very low volume pullback. I'm gonna give it a little bit of breathing room. ($BEL at P3.66/share as of this date)

The index remains in its 7200-7400 trading range and any massive move to any of the side might create a trend.

My stops are closely being monitored as I just entered these positions and the index has no clear trend direction yet.

I'm long approximately 80% of my entire funds right now.

Post#13: Trailing stops hit and some $BEL

Last March 1, 2017, my trailing stop on my position in $STI was hit and I sold my holdings for an average of P1.09/share and a gain of 21% since last November.  I was hoping to let my $STI run but a ranging PSEi made me tighten my stops s little. As always, I promised to follow my plan and I did it without hesitation.

I also sold my $DNL since it failed to maintain it's price above P13/share with a small percentage gain not even worth mentioning.

$DNL and $STI will remain in my watchlist for now again.

Although I felt bad losing my positions, I immediately looked for other stocks that show some strength. I am currently trading with only 50% of my port in positions as I dont like the general market condition.

March 3, 2017 - Bought some $BEL at P3.63/share.

March 6, 2017 - Added some more $BEL as I feel it going stronger at P3.72/share.

Average $BEL price is at P3.67/share.

Update: March 7, 2017 current position up 4.64% with $BEL at P3.88/share.

Initial stop at P3.65.


BELLE CORPORATION ($BEL)

stock chart provided by www.bigcharts.com